Bangkok Airways outsources critical financial processes to Accelya

Processes outsourced to Accelya cover complete Book-to-Cash cycle across all revenue streams of the airline

Accelya will deploy its proprietary solutions and technology to deliver the service

Mumbai, 4 March, 2014: Accelya, the leading provider of financial and business intelligence solutions to the Airline industry, today announced that it will manage critical financial processes for Bangkok Airways, Asia’s boutique airline. The scope of services includes the complete Book-to-Cash cycle including passenger revenue accounting, cargo revenue accounting, sales audit, card billing and miscellaneous billing.

The data from the financial processing will integrate seamlessly into Accelya’s EverestAirTM platform, to provide strategic MIS to all stakeholders.

“Accelya will be looking after our financial processes with speed, accuracy and quality standards that are the best in the industry. We see great value in the strategic MIS that we will derive from the integration across financial processes”, said Khun Viroj Satitharopagorn, Vice President – Accounting, Bangkok Airways

The engagement with Accelya will enable Bangkok Airways to:

Integrate critical financial processes

Account for all flight revenues through a single provider

Declare revenues accurately and on time

Centralise and standardise credit card payments

Achieve compliance benefits, including SSAE 16 and PCI DSS

Get strategic MIS across passenger, cargo, ancillary and miscellaneous revenues

Speaking on the occasion, Mr. Vipul Jain, CEO and Managing Director, Accelya Kale Solutions, said, “We are delighted that Bangkok Airways has chosen us as a strategic partner to manage their critical financial processes. There is great value in taking an integrated approach towards the Book-to-Cash cycle for all revenues in the airline – passenger, ancillary, cargo or miscellaneous. We also see huge value in the MIS that can be unlocked by transforming the data into actionable intelligence”.